Backstory: Sidhu's clients' primary goal was to pay off their home equity line of credit of $36,900.

Within 60 days they had the loan, and the remaining funds were used for debt consolidation to pay down about $70,000 of credit card balances, which also covered their line of credit. Attaining a cash-out refinance at 75 percent loan-to-value can be limited, since many lenders have investor overlays which limit the offerings. For example, many lenders are limited to a loan-to-value ratio of 60 percent. In this case, the lender Sidhu's clients worked with enabled them to have a loan-to-value ratio of 75 percent.

Sidhu often works with a wholesale lender who has a common sense underwriting approach.

He's able to attain highly competitive rates for the borrowers as a result. Sidhu's clients were able to pay down their debt, obtaining a more manageable monthly payment in the process.